Rbi Committee

India's headline and core inflation has been unrelenting, with data post market close on Monday showing annual retail inflation remained above the Reserve Bank of India's (RBI) upper limit, easing only slightly from January's 6.52%.

India's economic growth appears to be 'very fragile' and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday.

Two of the three external members on the Reserve Bank Monetary Policy Committee (MPC) were not in favour of raising the key interest rate this month with one of them saying it was "not warranted" as inflationary expectations were diminishing

The RBI has proposed permitting all inbound travellers to use the unified payments interface (UPI) for merchant payments in India, RBI Governor Shaktikanta Das said on Wednesday. UPI payments for inbound passengers will be extended to travellers from G20 countries arriving at select international airports, he added.

RBI Monetary Policy Committee (MPC) Member Ashima Goyal said expenditure must be counter-cyclical and the mistake made in the 2000s, when expenditure rose with tax revenues, should be avoided.

RBI Monetary Policy Committee member Jayanth R Varma said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now.

RBI: The monetary policy committee raised the key lending rate or repo rate to 6.25%.

RBI monetary policy committee: Five of the six members voted in favour of the decision.

RBI Monetary Policy: The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent, citing slowing inflation.

Rupee Today: The rupee trades only a touch weaker ahead of the RBI's policy decision on Wednesday as oil prices tumbled on demand concerns.

RBI Monetary Policy highlights: The Reserve Bank of India hikes rates for the fifth consecutive time.

RBI Monetary Policy: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday.

Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.

The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today.

Reserve Bank of India Governor Shaktikanta Das chaired a meeting of the subcommittee of the Financial Stability and Development Council, in which major developments in the global and domestic economy were reviewed.

India's headline and core inflation has been unrelenting, with data post market close on Monday showing annual retail inflation remained above the Reserve Bank of India's (RBI) upper limit, easing only slightly from January's 6.52%.

India's economic growth appears to be 'very fragile' and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday.

Two of the three external members on the Reserve Bank Monetary Policy Committee (MPC) were not in favour of raising the key interest rate this month with one of them saying it was "not warranted" as inflationary expectations were diminishing

The RBI has proposed permitting all inbound travellers to use the unified payments interface (UPI) for merchant payments in India, RBI Governor Shaktikanta Das said on Wednesday. UPI payments for inbound passengers will be extended to travellers from G20 countries arriving at select international airports, he added.

RBI Monetary Policy Committee (MPC) Member Ashima Goyal said expenditure must be counter-cyclical and the mistake made in the 2000s, when expenditure rose with tax revenues, should be avoided.

RBI Monetary Policy Committee member Jayanth R Varma said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now.

RBI: The monetary policy committee raised the key lending rate or repo rate to 6.25%.

RBI monetary policy committee: Five of the six members voted in favour of the decision.

RBI Monetary Policy: The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent, citing slowing inflation.

Rupee Today: The rupee trades only a touch weaker ahead of the RBI's policy decision on Wednesday as oil prices tumbled on demand concerns.

RBI Monetary Policy highlights: The Reserve Bank of India hikes rates for the fifth consecutive time.

RBI Monetary Policy: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday.

Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.

The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today.

Reserve Bank of India Governor Shaktikanta Das chaired a meeting of the subcommittee of the Financial Stability and Development Council, in which major developments in the global and domestic economy were reviewed.